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  Commercial Vehicles Industry Overview The global  commercial vehicles market  size is expected to reach USD 1,850.31 billion by 2030, according to a new report by Grand View Research, Inc. The industry is expected to advance at a CAGR of 4.0% from 2022 to 2030. Continued infrastructure development, the growth of the construction and mining industries, and the subsequent need for the development of road infrastructure are expected to drive industry advancement. The unabated growth of the e-commerce industry, which has drastically transformed the logistics sector, is also expected to drive the demand for commercial vehicles. The prevalence of advanced technologies and the continued integration of telematics and communication capabilities into commercial vehicles also bodes well for the growth of the market during the forecast period. Customers willing to invest in commercial vehicles are also scouting for additional services, such as financing services, rental services, a...

  Data Center Cooling Industry Overview The global  data center cooling market  size is expected to reach USD 56.15 billion by 2030, advancing at a CAGR of 17.2% from 2022 to 2030, according to a study conducted by Grand View Research, Inc. An increase in the number of data centers facilities worldwide is favoring the rapid growth in this space. Additionally, a gradual shift towards cloud services is creating demand for eco-friendly cooling technology. The favorable initiatives by governing bodies across the globe aimed at promoting cloud proliferation are driving the demand for data centers, subsequently creating avenues for the datacenter cooling industry. For instance, the United Arab Emirates (UAE) funded several projects related to cloud computing such as Smart Abu Dhabi or Smart Dubai. These projects were aimed at bringing in rapid  digital transformation  among enterprises while favoring the country’s economic growth. Such initiatives and more b...

  Warehouse Management Systems Industry Overview The global  warehouse management systems market   size is anticipated to reach USD 11.08 billion by 2030, advancing at a CAGR of 16.1% from 2022 to 2030, according to a new report by Grand View Research, Inc. The growing transition towards cloud-based management systems in the warehouse industry is anticipated to boost the demand for WMS based on the Software-as-a-Service (SaaS) model. Advancements in cloud-based technologies are estimated to fuel the adoption of WMS software, irrespective of the organization's size and complexity where these solutions are used. Surging demand for cloud-based systems can primarily be attributed to medium and small-sized businesses that do not require the implementation of advanced warehouse technologies and high-speed automation. Warehouse Management Systems  Market Segmentation Grand View Research has segmented the global warehouse management systems market based on component, deploym...

  3D Bioprinting Industry Overview The global  3D bioprinting market  size is expected to reach USD 5.3 billion by 2030, expanding at a CAGR of 15.8% during the forecast period, according to a new report by Grand View Research, Inc. Rising cases of COVID-19 and increasing prevalence of chronic diseases are some of the major factors contributing towards industry growth. During the COVID-19 pandemic, 3D printing has stepped up to become a vital technology to support improved healthcare and our general response to this emergency. The COVID-19 pandemic is ever increasing since it was first identified in China in December 2019. Until January 12, 2021, more than 91.5 million cases of COVID-19 were reported globally, with more than 1,956,880 deaths, across the globe. This pandemic has fast-tracked the development of vaccines and drug testing. There are currently more than 50 COVID-19 vaccine candidates in trials. In the meantime, various 3D bioprinting companies are focusing on ...

  Biogas Industry Overview The global  biogas market  size is expected to reach USD 87.85 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.3% from 2022 to 2030. Electricity was the dominant application segment in 2021 with a revenue share of 29.85%. Shifting focus toward the use of renewable sources of energy, mainly in the electricity sector, has considerably boosted the demand for biogas in electricity applications. In addition, the growing need to reduce dependency on fossil fuels is forming lucrative prospects for biogas in applications such as vehicle fuel. The COVID-19 pandemic is also impacting the demand for biogas in heat generation applications. Sluggish industrial activities have reduced the demand for heat consumption, thereby negatively affecting the demand for biogas. The shifting priorities of consumers to focus on essentials such as food and medicines is further affecting the product de...

  Gas Sensor Industry Overview The global  gas sensor market  size is expected to reach USD 5.34 billion by 2030, registering a CAGR of 8.9% from 2022 to 2030, according to a new report by Grand View Research, Inc. The market growth can be attributed to the increasing number of health and safety regulations by the governments of different countries. Furthermore, the need to constantly control and monitor gas emissions through various industrial processes creates more demand for gas sensors globally. According to researchers at Northeastern and Penn State University, wearable gas sensors for human health and environmental monitoring are expected to be commercially available in the coming years. These sensors use a self-heating mechanism that enhances sensitivity and allows for the quick reuse and recovery of the platform. Gas Sensor  Market Segmentation Grand View Research has segmented the global gas sensors market based on product, type, technology, end-use, and reg...

  Hydrogen Energy Storage Industry Overview The global  hydrogen energy storage market  size is expected to reach USD 21.66 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.4% from 2022 to 2030. The supportive developments and policy support from countries around the world will boost the growth of the market in the near future. Over the forecast period, growing applications of fuel cell technologies such as transportation, portable electricity, and stationary power are expected to bolster the expanding need for hydrogen energy storage. Through renewable-powered electrolysis, an excess amount of wasted renewable energy is used to produce green hydrogen. Forward integration is used by market actors in numerous countries when selling hydrogen produced on-site from renewable sources to major industrial users. The increased deployment of hydrogen energy storage in the utility, commercial, and residential se...

  Steam Turbine Industry Overview The global   steam turbine market  size is expected to reach USD 19.5 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 2.3% from 2022 to 2030. The increasing deployment of combined heat and power (CHP) units in industrial and utility applications will boost market growth. Steam engines form an integral part of thermal power plants operating across the world. However, with increasing environmental concerns, the focus has been shifted from coal-fired thermal power stations to clean energy sources, including natural gas, fuel cells, and renewable energy generation plants. The growth of Industrial segment of the market can be attributed to the increased industrial activities across the world. Steam turbines are employed in industrial applications in the form of CHP units. These units offer better efficiency than single units and produce outputs in multiple ways. Steam turbin...

  Buy Now Pay Later Industry Overview The global  buy now pay later market  size is expected to reach USD 39.41 billion by 2030, registering a CAGR of 26.0% from 2022 to 2030, according to a new report by Grand View Research, Inc. The market growth can be attributed to the high purchasing power offered by the BNPL platforms, coupled with benefits, such as interest-free and convenient payments. On the other hand, an increase in the demand for delayed payments for online shopping and a surge in spending on high-cost products are expected to offer lucrative growth opportunities for the market over the forecast period. Several BNPL solution providers are striking partnerships with other fintech companies to offer their services efficiently. For instance, in October 2021, Openpay, a buy now pay later solution provider, partnered with Till Payments, an end-to-end payment solution provider, to provide the flexibility of BNPL to more merchants and consumers across New Zealand and...

  Non-alcoholic Beverages Industry Overview The global  non-alcoholic beverages market  size is expected to reach USD 1,363.1 billion by 2030, expanding at a CAGR of 5.6% during the forecast period, according to a new report by Grand View Research, Inc., owing to factors such as rising disposable income, population growth, and changing lifestyles. Increasing concerns regarding obesity and health awareness are expected to trigger the growth of low-sugar carbonated drinks, tea & coffee, and bottled water. Brands globally have been innovating new products with new flavors and premium flavors in product categories, such as carbonated beverages, bottled water, and tea & coffee, which would further support the category growth. For instance, in May 2021, Danone S.A. launched the first flavored and sparkling line from its Evian bottled water brand in the U.S., available in four flavors such as Raspberry & Ginseng, Lime & Ginger, Grapefruit & Basil, and Cucumbe...

  Diesel Generator Industry Overview The global  diesel generator market  size is expected to reach USD 38.53 billion by 2030, escalating at a compound annual growth rate (CAGR) of 8.5% during the forecast period, according to a new report by Grand View Research, Inc. Proliferating demand for emergency power backup and stand-alone power generation systems across several end-use industries including manufacturing & construction, telecom, chemical, marine, oil & gas, healthcare, and others are likely to strengthen the market growth during the forecast period. Rapid industrialization, infrastructure development, and continuous population growth are among the major factors driving global power consumption. Rising penetration of electronic device load across various commercial scale structures such as data centers has resulted in the higher deployment of diesel generators in order to prevent disruption of daily business activities and provide uninterrupted electricity ...

  Energy Storage Systems Industry Overview The global  energy storage systems market  demand is expected to reach 512.41 GW by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 11.0% from 2022 to 2030. Growing demand for efficient and competitive energy resources is likely to propel market growth over the coming years. Clean & renewable energy is an affordable alternative to fossil fuel-based electricity. Its use can help curb the overdependence on fossil fuels, reduce greenhouse gas emissions & subsequently air pollution, and diversify power supply. The pumped storage segment led the market in 2021.The pumped hydro technology segment dominated the market and accounted for more than 95.0% of the total market share, in terms of storage volume in 2021.The market is likely to be boosted by ongoing expenditures in the Asia Pacific and North America to upgrade energy infrastructure and increase on-grid capacity. ...

  Commercial Drone Industry Overview The global  commercial drone market  size is anticipated to reach USD 501.4 billion by 2028, registering a CAGR of 57.5% from 2021 to 2028, according to a new report by Grand View Research, Inc. The rising demand for commercial drones can be attributed to the growing application base across a wide range of end-use verticals, including  real estate  and construction, media and entertainment, and agriculture. Majority of the end-use verticals that involve a high proportion of operational processes are expected to experience substantial productivity gains from drone usage owing to the automation of business operations. UAVs or drones are reinventing old businesses and even creating new prospects. In 2016, the Federal Aviation Administration (FAA) released regulations related to the usage of commercial drones that clarified the legal landscape for businesses and workers. Since then, the industrial applications of commercial drone...